|
|
| Author |
Message |
Sponsored Links
|
|
 |
Guest
on 16 Mar 08 8:46 am
|
 Valuation increase again!! |
 |
|
Recently, I notice that the HDB valuation for resale flat has increased again!!
One of my fren told me that he bought a 3-rm Jurong West unit for $2XXk.
I'm thinking how can it be? I think last year Jurong West 3-rm only selling like 180-190k. Maybe because I have not been following the HDB market.
So my wife just pick-up one unit from the classified & checked with an agent who is mktg for one unit in JW. To me surprise, this unit valuation is $217k, so I'm think, if like that, the final selling price could be $230k or so!!
This morning I check one ad, a 4-rm at Toh Guan valuation at $440!!!
If like than, I'm wondering how much my 5-rm A-model (135sqm) at Jurong East is worth now!!!  |
|
| Back to top |
|
|
Sponsored Links
|
|
|
Guest
on 16 Mar 08 9:05 am
|
| |
|
|
Yes! Valuation has been going up!
I believe the valuation for Toh Guan unit $440k is a 5-rm & not 4-rm.
As for you 5-rm at Jurong East, valuation maybe around $350k-$380k.
Selling price maybe near to $400k, but still very much cheaper than Toh Guan 5-rm. |
|
| Back to top |
|
|
Guest
on 16 Mar 08 10:44 am
|
| |
|
|
| OMG...when will this valuation hike stop...making pple less affordable to buy hse... |
|
| Back to top |
|
|
Guest
on 16 Mar 08 11:17 am
|
| |
|
|
Basically new flat also not cheap. Even you want to buy also don't know can get or not. So another way is to go resale.
Last time some yaya buyers said can wait for COV to come down. Yes, some location COV has came down abit. But with the valuation rise faster than the COV coming down. Eventually this buyer cannot tahan liao.
eg.
6-mths ago - Valuation $300k COV $40k = $340k
Now the same unit - Valuation $330k COV 30k = $360k |
|
| Back to top |
|
|
Guest
on 16 Mar 08 5:07 pm
|
| |
|
|
| i am so sad.... i want to get a flat, but so expensive. Will the price ever come down? |
|
| Back to top |
|
|
Guest
on 16 Mar 08 10:07 pm
|
| |
|
|
New flat price not coming down, because cost of material keep going up .. moreover rental still high .. selling price will keep going up for HDB
Jurong East HUDC already transacted close to $1m, so if executive flat resale is less than $500k, can buy 2 units liao leh!! |
|
| Back to top |
|
|
justmekee
Guest
on 16 Mar 08 10:44 pm
|
| |
|
|
| Anonymous wrote: | New flat price not coming down, because cost of material keep going up .. moreover rental still high .. selling price will keep going up for HDB
Jurong East HUDC already transacted close to $1m, so if executive flat resale is less than $500k, can buy 2 units liao leh!! |
Don't worry lar....valuation though go up, there's no buyer and market is very quiet...eventually seller lan lan also got to sell low |
|
| Back to top |
|
|
Guest
on 16 Mar 08 10:46 pm
|
| |
|
|
| I've seen agent re-list after re-list the same unsold unit again and again...although valuation is trend up...most cannot be sold at such price....only 1 or 2 good unit can fetch such high price...other just hv to lan lan relist and relist |
|
| Back to top |
|
|
Guest
on 17 Mar 08 3:01 pm
|
| |
|
|
| Anonymous wrote: | | I've seen agent re-list after re-list the same unsold unit again and again...although valuation is trend up...most cannot be sold at such price....only 1 or 2 good unit can fetch such high price...other just hv to lan lan relist and relist |
Yes, agree with that. Seeing some unit keep relisting.
Valuation will keep going up, but the COV will keep going down. Let's see 4thQ of this year how many lan lan seller have to sell below valuation. |
|
| Back to top |
|
|
Guest
on 17 Mar 08 3:14 pm
|
| |
|
|
| once owners start selling below valuation, the subsequent valuations will in turn fall as valuers assess HDB via direct comparison |
|
| Back to top |
|
|
Guest
on 17 Mar 08 3:17 pm
|
| |
|
|
| Anonymous wrote: | Basically new flat also not cheap. Even you want to buy also don't know can get or not. So another way is to go resale.
Last time some yaya buyers said can wait for COV to come down. Yes, some location COV has came down abit. But with the valuation rise faster than the COV coming down. Eventually this buyer cannot tahan liao.
eg.
6-mths ago - Valuation $300k COV $40k = $340k
Now the same unit - Valuation $330k COV 30k = $360k |
6-mths ago selling at $340K also can't sell out, do you think now can sell out at $360? At present time COV will around $10k, unless it's very good unit.
Now recession coming, so not much people willing to take out more cash to buy a unit. |
|
| Back to top |
|
|
Guest
on 17 Mar 08 3:20 pm
|
| |
|
|
| ya man! set reasonal price lah...val went up, cov went up..then val goes up again cov also goes up...when will this stop....? |
|
| Back to top |
|
|
Guest
on 17 Mar 08 3:23 pm
|
| |
|
|
| But I believe some relist is seller not hard-up, some even just test market, only agent jialet only. |
|
| Back to top |
|
|
Guest
on 17 Mar 08 3:29 pm
|
| |
|
|
| Anonymous wrote: | | But I believe some relist is seller not hard-up, some even just test market, only agent jialet only. |
yes..agent and seller just try their luck...since agent offer no commission will be charged on seller...seller just let it be lor.... in turn, agent just jack up the price, in case hit the jackpot, then his commission of seller and buyer will be covered in the cov... |
|
| Back to top |
|
|
Guest
on 17 Mar 08 3:30 pm
|
| |
|
|
| Anonymous wrote: | | But I believe some relist is seller not hard-up, some even just test market, only agent jialet only. |
yes..agent and seller just try their luck...since agent offer no commission will be charged on seller...seller just let it be lor.... in turn, agent just jack up the price, in case hit the jackpot, then his commission of seller and buyer will be covered in the cov... |
|
| Back to top |
|
|
Guest
on 17 Mar 08 7:46 pm
|
| |
|
|
| Anonymous wrote: | | But I believe some relist is seller not hard-up, some even just test market, only agent jialet only. |
New HDB super long queue! Rental still have demand! Seller not in a hurry to sell if price is no good cos valuation keep going up. If buyers of HDB think they can wait, as long they can tahan, they can cont to wait & wait.
If they think HDB is expensive, than no more cheaper type of housing for them to choose liao |
|
| Back to top |
|
|
Guest
on 17 Mar 08 8:21 pm
|
| |
|
|
| Grow up guys, valuation hike only for certain location due to new buildings. From what I know, the market is cooling down after the en-bloc event. Go check the web and see how many units are being posted for sale. Thanks and cry more. |
|
| Back to top |
|
|
Guest
on 17 Mar 08 8:58 pm
|
| |
|
|
Even no enbloc, there still demand from locals & PRs... whether in rental or sales market. Don't be naive lah.. who wants to cry.. HDB only mah!
Cannot selling.. close one eye also can rent out easily lah!! |
|
| Back to top |
|
|
Guest
on 18 Mar 08 9:17 pm
|
| |
|
|
Seriously i thk the property market now is going hay wire!! So depressing ..Sm agent are putting the price way way way above the valuation! Eg: Valuation $230 + COV $30- $90K!!!!!!!!!!!!!!!!!
Is the tiles made of gold?? And the best part is that some advertisements with ridiculous prices are still listed for the past few monthssssssss ..I hope HDB will cum up w/better idea or plan on how to 'control' the property market & help those in need of home . |
|
| Back to top |
|
|
Guest
on 18 Mar 08 9:43 pm
|
| |
|
|
WHO SAY 'valuation hike only for certain location due to new buildings' ??
> Srgn Nrth : Valuation : 252K Ask 300K NETT ($48K above valuation)
>cassia cres blk 2# Value + 100k!!!
>3'NG' Ang Mo Kio Value: 245K Asking 300K- 55K above valuation!!! |
|
| Back to top |
|
|
|
